Listing Number: 86715-536423
This restaurant is an upscale wine bar that has a high traffic area and located in a very high net worth area of Alabama. For the past 9 years it has been a go-to spot for wine and fine dining.
The owner is selling the restaurant in order that he can begin his retirement phase of his life. The restaurant commonly receives high ratings and various other accolades coupled with consistently ranked in many publications for its food and atmosphere. It offers a large indoor and outdoor seating area for patrons.
The patio portion of the restaurant holds up to 140 seated guests while the indoor dining area can seat up to 80 seated guests. The patio and indoor dining area both have their own bar area. The restaurant serves Italian/Mediterranean Cuisine. The staff is well trained and the restaurant can be run absentee with the existing management in place. Seller financing is available for qualified buyers with a 33% or higher down payment. The lease terms are attractive and the revenues and profitability have had positive trends for the last couple of years.
- Price: $900,000
- Down Payment: $297,000
- Sellers Discretionary Earnings: $455,861
- Total Sales: $947,239
- Location: Alabama
- Inventory: $0
- FF&E: $300,000
- Employees: 25
- Year Established: 2011
- Reason for Selling: Retirement
- Category: Restaurants